Wake up Gordon you twat.
Quick Property Sale
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#1 by synf at July 14th, 2009
Good question dude. The only thing I can say is that there will be fiscal measures put into place to try and counteract the effects or not make them as bad.
hahahaha expensive bars and restaurants may suffer though. Crime, most probably will increase… Gordon brown is a twat indeed.
Yes, houses will not sell, (this is already happening) the bank of england might try to reduce the borrowing rate…. to encourage people to buy property. Those who have new mortgages will start paying a very high interest.
the pubs wont be empty though
#2 by Beverly at July 15th, 2009
What do you think will happen to the U.S. when the dollar becomes worthless? Our economy will affect every economy around the world, and believe me, we will have a few countries very mad at America. The EU will fare much better than the U.S. when the shit hits the fan. Their money is being propped up while ours is being dumped. Get ready for a collapse right here in America. One that will make the depression look like a picnic! Buy gold and store food and get cash on hand! The banks will close when this happens.
#3 by diamondknife at July 18th, 2009
Japan has been in a depression since the early 90’s. House prices have been dropping for 13 years. This was due to their huge debt load and other factors. The US is in the same boat and I would assume the UK is too. We’re in a bubble now and it’s about to come crashing down harder than we’ve ever remembered. Look at oil and gold prices. . .through the roof!
God help us all
#4 by DaveH at July 20th, 2009
Maybe “Joe Public” will wake up and take the issue of who they vote for a lot more seriously next time !!
The UK is decending rapidly down the pan and I can’t see any political party right now who have the balls or brains to sort it out….. we’re truly stuffed !!
#5 by SnoddersB at July 20th, 2009
That is just something that the imbeciles who vote Labour never remember. The Labour party has presided over bringing on big recessions which the Maggie thatcher and her government had to deal with and successfully turned round. The last thing we need is more Gordon (Robber) Brown.
#6 by Mick B at July 23rd, 2009
Sure there will be a big recession, it will be very hard but, what should we expect when we were allowing people to borrow beyond their means. As well as financial institutions being to blame Individuals should take their share of blame. Voluntary insolvencies and bankruptcy should be far harder to achieve. They’ve taken the gain now they must take the pain instead of making or expecting the prudent to pay THEIR debts.
#7 by CLIVE H at July 25th, 2009
Why is everyone so concerned about the UK economy?
Everything looks good to me. Here in London house prices continue to climb by about 2.5% p.a.
I’m still getting over 5% interest on my investments with the Bank of England.
So what’s the problem?
I was born in 1941 and have lived through lots of so-called recessions. People must always have ’savings’ against the rainy day, for sure it will come.
People can live as they choose, it’s their life. If people want to borrow on the equity of the value of their houses, so what?
The amount of money borrowed is peanuts compared to the value of our properties.
There is nothing to be alarmed about.
I’m 66 and having a great time. Off to the pub soon to squander another £60 of my ill gotten gains.
Live now pay later.